Thursday, February 10, 2011

Holland slashes carbon targets, shuns wind for nuclear

In a radical change of policy, the Netherlands is reducing its targets for renewable energy and slashing the subsidies for wind and solar power. It's also given the green light for the country's first new nuclear power plants for almost 40 years. Why the change? Wind and solar subsidies are too expensive, the Financial Times Deutschland , reports. Holland thus becomes the first country to abandon the EU-wide target of producing 20 per cent of its domestic power from renewables. This is a remarkable turnaround from a state that took the Kyoto Agreement seriously and chivvied other EU members into...

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